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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

Attachments: (binned per thread starter’s request) MM (Money Maker) Detective
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(binned per thread starter’s request) MM (Money Maker) Detective

Quoting robots4me
{quote} Hello @Robot Trader -- correct -- when the setting is 'False' then it will not attempt to send requests to the proxy EA and should work as before. The button in the lower-right simply toggles that setting 'True' or 'False'. Red means 'False'. Green means 'True'. When it is Green it will look for the proxy EA. When it is Red it will not look for the proxy EA. The button relieves you (and me) from having to Edit the settings.

I'm not referring to the toggle button, but the hard settings in the indicator.
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Some people say I'm lucky, but the more I practice the luckier I get
Quoting parisboy
{quote} Moreover Bishopdotun chart underlines some concepts you should pay some attention : - Return to the Mean (Center of Gravity) - Sine Waves PS Notice that, as it is very often the case , the green area above the Center of Gravity and the red area under the Center of Gravity cancelled out themselves {image}
@parisboy -- beautiful chart -- thank you. If @bishopdotun's strategy underlines important concepts then I would take that to mean that:

a) his strategy is supported by important concepts that have been extensively written about previously
b) we are on solid footing and on the right path
Quoting Robot Trader
{quote} I'm not referring to the toggle button, but the hard settings in the indicator. {image}
@Robot Trader -- The toggle button simply toggles that setting.

If you just attach the indicator to the chart you should be fine. The toggle button in the lower-right should be Red, right? Leave it as Red.
I take my 200 pips and run

NZDJPY 1H

Cheers

PC
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Less is more...
Even Gold traders can join the party

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Quoting parisboy
{quote} Moreover Bishopdotun chart underlines some concepts you should pay some attention : - Return to the Mean (Center of Gravity) - Sine Waves PS Notice that, as it is very often the case , the green area above the Center of Gravity and the red area under the Center of Gravity cancelled out themselves {image}
Quote
the green area above the Center of Gravity and the red area under the Center of Gravity cancelled out themselves
@parisboy -- the one thing I keep having trouble grasping is that you can only draw these pretty sine waves in hind sight, right? So, yes, I can see that price follows a certain pattern, but that pattern is not necessarily available to me at the time I need to press the BUY | SELL button.

If you say that timing is not important to you -- well, then, okay. However, for a lot of us Entry is important and it makes a difference.
Quoting bishopdotun
Even Gold traders can join the party {image}
________

The more I look at the charts the more they tell me: "TP opposite level" - would require some cojones/ patience at times though...

PC
Less is more...
Quoting pipcruiser
{quote} ________ The more I look at the charts the more they tell me: "TP opposite level" - would require some cojones/ patience at times though... PC
@pipcruiser -- yeah, perhaps, but I wouldn't press it.

We've been given a gift. If anything, I think the focus should be on experimenting with different pairs / TFs to see how far you can stretch the strategy. Also, keep track of the times when it fails and share a screen shot of the failure. Perhaps some pattern will emerge that will help identify false positives.
Quoting robots4me
{quote} @pipcruiser -- yeah, perhaps, but I wouldn't press it. We've been given a gift. If anything, I think the focus should be on experimenting with different pairs / TFs to see how far you can stretch the strategy. Also, keep track of the times when it fails and share a screen shot of the failure. Perhaps some pattern will emerge that will help identify false positives.
______

Agreed - also the charts "re-groups" - so visual back-testing can be misleading...

Im sure after some months of trading this we get the "feel" for it.

PC
Less is more...
Hey Steve,

Testing this out on a live account, about 15 pairs on the 1H, will report results later.

Good luck all!
Quoting robots4me
{quote} @Robot Trader -- The toggle button simply toggles that setting. If you just attach the indicator to the chart you should be fine. The toggle button in the lower-right should be Red, right? Leave it as Red.
OK. so the toggle is supposed to override the hard setting when you attach the indicator to the chart, I get that.

So when RED I still get the Alert and this is what it says in the Experts Log, not to worry if it works for everyone else, there must be something within my PC causing a conflict.
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Some people say I'm lucky, but the more I practice the luckier I get
Quoting pipcruiser
{quote} ________ The more I look at the charts the more they tell me: "TP opposite level" - would require some cojones/ patience at times though... PC
I follow your sentiment. If you zoom to daily charts and make opposite signals exit and entry points, it then becomes even more interesting.

However, you would require "balls of steel" and huge amount of patience while in grieve of DD.

See charts below. If you ignore the red marks (our current exits) and trade from sell signal to buy signal, you will be coming out with massive pip haul. The trades take time to develop but the reward is huge. Stop loss would be at least 300% ADR to be safe. Again that requires a deeper pocket to handle DD.

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Edit:
For now I pass. I am looking for failure points based on current implementation.
What I have noticed so far is that the band move slightly but very limited. Example is NJpy.
Quoting LongBTC
Hey Steve, Testing this out on a live account, about 15 pairs on the 1H, will report results later. Good luck all!
@LongBTC -- thanks. I'll be interested to learn how things work in your hands.

@LongBTC -- it's been a quick change of gears from SpikeHunter, right? I might return to SpikeHunter but, if not, it was time well spent. What we / I learned from working on the IRUTM and SpikeHunter indicators allowed us to quickly transition to @bishopdotun's strategy. The strategies are similar -- i.e. trading away from spikes -- the main difference is using the ADR offset and weekly TF to compute the upper and lower bands. It sort of solves the "false positives" issue. The more I see and work with it, I don't think the BD strategy even needs a "false positives" filter.
Quoting Robot Trader
{quote} OK. so the toggle is supposed to override the hard setting when you attach the indicator to the chart, I get that. So when RED I still get the Alert and this is what it says in the Experts Log, not to worry if it works for everyone else, there must be something within my PC causing a conflict. {image}
@Robot Trader -- could you try this:

1. Close all charts.
2. Open one D1 chart (any pair).
3. Attach the latest version of the indicator.

EDIT: Step 0. Exit MT4 and relaunch.

I wonder whether there is a "zombie" DLL still executing in memory that keeps looking for the proxy EA.
Quoting robots4me
{quote} @LongBTC -- thanks. I'll be interested to learn how things work in your hands. @LongBTC -- it's been a quick change of gears from SpikeHunter, right? I might return to SpikeHunter but, if not, it was time well spent. What we / I learned from working on the IRUTM and SpikeHunter indicators allowed us to quickly transition to @bishopdotun's strategy. The strategies are similar -- i.e. trading away from spikes -- the main difference is using the ADR offset and weekly TF to compute the upper and lower bands. It sort of solves the "false positives"...

Yes, indeed this is something way different then trading PA on the lower TF's. I've always been very interested in the ADR because price very often seems to come back to a "fair" value. It will be interesting to see how this indi does in a strong trending market. I still have a bit of doubt regarding the repainting but hence that's why we are testing this right?
Running the new version on 30 pairs on an i9-9900k. Performance is looking good. CPU usage around 0.3% to 3.9%. RAM hovering around 700mb. I will test this strategy on a demo account for the coming month.
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Let's see if the alerts are working with 30 pairs
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Quoting Anrod
Running the new version on 30 pairs on an i9-9900k. Performance is looking good. CPU usage around 0.3% to 3.9%. RAM hovering around 700mb. I will test this strategy on a demo account for the coming month. {image} Let's see if the alerts are working with 30 pairs {image}
Correlation
Necessity knows no law except to conquer
Quoting robots4me
{quote} @Robot Trader -- could you try this: 1. Close all charts. 2. Open one D1 chart (any pair). 3. Attach the latest version of the indicator. EDIT: Step 0. Exit MT4 and relaunch. I wonder whether there is a "zombie" DLL still executing in memory that keeps looking for the proxy EA.
Yes a relaunch of MT4 worked

How are the Magic numbers generated?

I saved the chart as a Template with the indicator and noticed this caused a problem with the Magic Numbers, so that might have something to do with the earlier problem, please see the 2 attached charts, the currency symbols are overlaying each other on the USDCAD.

EDIT: Yes dragging the indicator onto the chart and not using a Template sorts the Magic Number issue
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Some people say I'm lucky, but the more I practice the luckier I get
Quoting Robot Trader
{quote} Yes a relaunch of MT4 worked How are the Magic numbers generated? I saved the chart as a Template with the indicator and noticed this caused a problem with the Magic Numbers, so that might have something to do with the earlier problem, please see the 2 attached charts, the currency symbols are overlaying each other on the USDCAD. EDIT: Yes dragging the indicator onto the chart and not using a Template sorts the Magic Number issue {image} {image}
@Robot Trader -- excellent -- I'm glad it's working. It would be a disaster to leave you behind.

Regarding MagicNumbers -- I will address that when I get the EA up and running. There is a rationale -- mostly borrowed from my time developing portfolio EAs that each included dozens of different strategies.

Also, regarding templates -- let's avoid them for the present. This indicator uses recursion (i.e. the iCustom API) and repeatedly loads instances of itself (to compute the Weekly higher TF bands). I can't imagine why that might cause a problem -- just a suggestion.
Quoting robots4me
Drama Time... It's a slow Sunday. @skyway had posted a few book markings for @George's recent pod cast and I was curious so I checked them out. A number of strange things were put forth by @George. And one in particular caught my attention. I was going to let it slide, but since @George seemed fit to let loose on a 50,000 word ranting diatribe directed personally at me, I thought it might be fun to reciprocate -- in less than 50,000 words and, of course, without all the insults. Which, by the way, @George made clear were not directed at me personally...
Hello Steve,

If it's alright with you-i would like to offer some perspective from my side.

1. I had the opportunity to have George walk me through the $12[Low Minuscule Amount] to Million-

Logically what George says {from my perspective} makes sense- but i have no reservation in admitting i was out of my depth with such advanced money management plan. That is high level professional grade stuff- useful in the hands of pro's. There was no teasing/"look i have something-but you won't get it"-

The key takeaway from the "$12-1Million" was to always to be open out of the box thinking, experiment with money management rules etc...

2. I quickly perused the posts, my understanding is you are excited about the current indicator. I don't intend to take away your effort/collaborative effort of your project. but there is something i am absolutely unable to wrap my head around:

My understanding is the indicator uses ADR-It looks like you are using a common metric[ADR] in its raw form as the decision maker. Intuitively, using the approach against highly efficient markets, what do you feel are the results going. Yes-you can always say, let the data speak itself and start a implementation cycle- How many months/hours do you think it is needed to go into the rabbit hole?

George spent years of tireless effort-Going to bed every day with uncertainty-not knowing when he will succeed. All the pain and suffering he endured,so that guys like you, me and others doesn't have to go through the same ordeal. The magnanimity of the man that he gave his work to us on a silver platter.

I feel whether due to selective reading or intentional sabotage out of jealousy by others- the 30,000-40,000 hours of work was used to mock, but the Gold that George gave us is this:

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George's project:

 

  1. George spent more than 5 months educating and maintaining the thread.
  2. Hundreds of Hours talking on Skype to absolutely ANYONE
  3. Hundred of posts replying to people.
  4. Taking time from his personal life.


George did all the above, in his 60's after a heart attack and also got almost admitted to the hospital. Has anyone gone to such lengths on FF before. He deserves lot of slack.

I can say confidently that you haven't read the pdf of George's posts because some of the posts talking about spikes being primary signal or confusion about targets etc... There is lot of disservice that is going on George's work-that it is filled with riddles, treasure map etc....

I will say this, as someone who read George's posts-that is utter nonsense.

There are thorough examples-detailed instructions given- more importantly an excellent foundation/correct foundation laid out for the aspiring trader.
[True, there are areas where George said he won't divulge certain aspects and he was very upfront about it]

George's work is beautiful- takes into account many metrics based on sound logic and a multidimensional approach and all laid generously for the taking.

I mean, you are a English native speaker: This is a serious questions, if it's alright with you, i would lie to know the answer[Not being sarcastic or snide]

It would take around 4~5 days to do an initial reading- some of the answers which you requested in the form of feedback from other members.
Is it unreasonable to spend 5 days when your financial well being is on the stake?

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